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R164-14-24v– Internet Solicitations Rule Exemption call the Division at (801) 530-6600

Exemption:

(1) The Division finds that registration is not necessary or appropriate for the protection of investors in connection with Internet Offers, provided:

  1. an offer is not specifically directed to any person in Utah;
  2. the Internet Offer indicates that the securities are not being offered to and sales will not be effected with persons in Utah; and
  3. no sales of the issuer's securities are made in Utah as a result of the Internet Offer.

Division Interpretive Commentary:

This exemption was created by rule under the discretionary authority of section 61-1-14(2)(v).  The text of the rule may be found at R164-14-24v.

This rule provides an exemption for offers effected through the Internet which do not result in sales in Utah.  This exemption is self-executing.